river ridge recycling (portadown) ltdEstimated Valuation
£113.7m
Pomanda estimates the enterprise value of RIVER RIDGE RECYCLING (PORTADOWN) LTD at £113.7m based on a Turnover of £65.9m and 1.72x industry multiple (adjusted for size and gross margin).
river ridge recycling (portadown) ltdEstimated Valuation
£129.3m
Pomanda estimates the enterprise value of RIVER RIDGE RECYCLING (PORTADOWN) LTD at £129.3m based on an EBITDA of £12m and a 10.79x industry multiple (adjusted for size and gross margin).
river ridge recycling (portadown) ltdEstimated Valuation
£38.5m
Pomanda estimates the enterprise value of RIVER RIDGE RECYCLING (PORTADOWN) LTD at £38.5m based on Net Assets of £12.9m and 3x industry multiple (adjusted for liquidity).
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River Ridge Recycling (portadown) LtdOverview
River Ridge Recycling (portadown) Ltd is a live company located in coleraine, BT51 5HF with a Companies House number of NI610647. It operates in the collection of non-hazardous waste sector, SIC Code 38110. Founded in January 2012, it's largest shareholder is
river ridge recycling ltd
with a 100% stake. River Ridge Recycling (portadown) Ltd is a established,
large sized company, Pomanda has estimated its turnover at
£65.9m with
healthy
growth in recent years.
River Ridge Recycling (portadown) Ltd Health Check
Pomanda's financial health check has awarded River Ridge Recycling (Portadown) Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 2 areas for improvement. Company Health Check FAQs
Health Rating5out of 5
7 Strong
2 Regular
2 Weak
Size
annual sales of £65.9m, make it larger than the average company (£13.7m)
£65.9m - River Ridge Recycling (portadown) Ltd
£13.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 12%, show it is growing at a faster rate (8.7%)
12% - River Ridge Recycling (portadown) Ltd
8.7% - Industry AVG
Production
with a gross margin of 39.3%, this company has a lower cost of product (25.2%)
39.3% - River Ridge Recycling (portadown) Ltd
25.2% - Industry AVG
Profitability
an operating margin of 12.6% make it more profitable than the average company (5.6%)
12.6% - River Ridge Recycling (portadown) Ltd
5.6% - Industry AVG
Employees
with 280 employees, this is above the industry average (54)
280 - River Ridge Recycling (portadown) Ltd
54 - Industry AVG
Pay Structure
on an average salary of £40.5k, the company has an equivalent pay structure (£38.2k)
£40.5k - River Ridge Recycling (portadown) Ltd
£38.2k - Industry AVG
Efficiency
resulting in sales per employee of £235.4k, this is more efficient (£168.5k)
£235.4k - River Ridge Recycling (portadown) Ltd
£168.5k - Industry AVG
Debtor Days
it gets paid by customers after 66 days, this is later than average (43 days)
66 days - River Ridge Recycling (portadown) Ltd
43 days - Industry AVG
Creditor Days
its suppliers are paid after 122 days, this is slower than average (34 days)
122 days - River Ridge Recycling (portadown) Ltd
34 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - River Ridge Recycling (portadown) Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 13 weeks, this is average cash available to meet short term requirements (16 weeks)
13 weeks - River Ridge Recycling (portadown) Ltd
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 83.8%, this is a higher level of debt than the average (62.6%)
83.8% - River Ridge Recycling (portadown) Ltd
62.6% - Industry AVG
RIVER RIDGE RECYCLING (PORTADOWN) LTD financials
EXPORT
River Ridge Recycling (Portadown) Ltd's latest turnover from June 2023 is £65.9 million and the company has net assets of £12.9 million. According to their latest financial statements, River Ridge Recycling (Portadown) Ltd has 280 employees and maintains cash reserves of £4.5 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Jun 2023
Jun 2022
Jun 2021
Jun 2020
Jun 2019
Jun 2018
Jun 2017
Jun 2016
Jun 2015
Dec 2014
Dec 2013
Jan 2013
Turnover
65,916,504
60,436,386
55,948,719
46,787,193
47,409,403
49,869,391
34,689,644
22,587,798
2,801,438
5,258,058
Other Income Or Grants
Cost Of Sales
40,013,621
36,894,528
33,067,646
29,672,506
27,893,935
30,745,834
24,641,981
19,098,933
2,197,893
4,152,855
Gross Profit
25,902,883
23,541,858
22,881,073
17,114,687
19,515,468
19,123,557
10,047,663
3,488,865
603,545
1,105,203
Admin Expenses
17,599,519
16,142,220
13,985,167
13,375,220
14,016,143
14,205,177
7,578,050
3,434,650
692,481
633,448
Operating Profit
8,303,364
7,399,638
8,895,906
3,739,467
5,499,325
4,918,380
2,469,613
54,215
-88,936
471,755
Interest Payable
34,707
49,222
31,523
42,712
82,179
104,209
189,968
9,025
Interest Receivable
48,652
32,323
33,340
39,562
30,315
773
1,725,000
913
Pre-Tax Profit
8,317,309
7,382,739
8,897,723
3,736,317
5,447,461
4,479,576
4,004,645
45,190
-88,936
472,668
Tax
-654,779
-777,960
-973,469
269,405
-278,334
-460,595
-127,640
-42,470
-13,669
-99,260
Profit After Tax
7,662,530
6,604,779
7,924,254
4,005,722
5,169,127
4,018,981
3,877,005
2,720
-102,605
373,408
Dividends Paid
4,950,000
4,560,000
3,975,000
3,880,000
3,860,000
3,400,000
2,050,000
Retained Profit
2,712,530
2,044,779
3,949,254
125,722
1,309,127
618,981
1,827,005
2,720
-102,605
373,408
Employee Costs
11,339,807
10,516,865
9,183,172
7,737,664
7,941,976
8,136,313
3,667,813
1,638,610
222,665
1,140,526
Number Of Employees
280
281
255
275
251
286
133
67
47
38
EBITDA*
11,990,270
11,366,406
12,753,506
7,779,830
9,354,450
8,429,802
4,397,818
753,502
-36,136
549,341
* Earnings Before Interest, Tax, Depreciation and Amortisation
Jun 2023
Jun 2022
Jun 2021
Jun 2020
Jun 2019
Jun 2018
Jun 2017
Jun 2016
Jun 2015
Dec 2014
Dec 2013
Jan 2013
Tangible Assets
20,739,580
21,498,642
22,236,341
23,526,229
23,261,856
23,972,882
23,101,859
3,271,963
2,181,328
84,398
Intangible Assets
2,330,239
3,145,872
4,072,710
4,800,472
5,627,763
6,455,062
3,515,694
3,942,993
3,299,992
Investments & Other
5,566,894
5,566,894
5,566,894
5,566,894
5,500,246
5,500,246
5,835,614
150
50
50
Debtors (Due After 1 year)
Total Fixed Assets
28,636,713
30,211,408
31,875,945
33,893,595
34,389,865
35,928,190
32,453,167
7,215,106
5,481,370
84,448
Stock & work in progress
25,894
35,186
39,335
21,435
13,709
Trade Debtors
12,088,683
10,561,326
10,836,904
7,792,468
7,298,703
9,428,772
6,546,797
3,858,186
2,422,243
698,240
Group Debtors
25,280,439
19,327,595
12,396,028
5,530,199
268,281
13,319
1,730,408
Misc Debtors
9,026,173
3,732,831
1,602,985
2,191,003
3,219,980
1,784,860
820,598
542,255
293,353
Cash
4,482,541
2,927,629
4,082,939
738,653
1,235,396
427,054
1,166,632
105,123
484,005
365,289
misc current assets
total current assets
50,877,836
36,549,381
28,918,856
16,278,217
12,057,546
11,693,340
10,285,870
4,519,273
3,199,601
1,063,529
total assets
79,514,549
66,760,789
60,794,801
50,171,812
46,447,411
47,621,530
42,739,037
11,734,379
8,680,971
1,147,977
Bank overdraft
301,941
875,535
1,581,936
771,958
Bank loan
Trade Creditors
13,483,282
10,750,268
8,634,895
3,830,186
5,783,032
4,953,387
5,449,235
1,745,694
1,891,361
770,335
Group/Directors Accounts
5,599,540
other short term finances
hp & lease commitments
35,893
76,335
72,506
73,023
296,861
596,293
520,829
318,421
90,000
other current liabilities
3,293,153
2,653,511
3,290,114
4,619,557
3,139,011
3,743,105
2,111,012
1,395,836
631,364
total current liabilities
16,812,328
13,480,114
11,997,515
8,824,707
9,218,904
10,168,320
9,663,012
4,231,909
8,212,265
770,335
loans
48,143,907
41,548,762
39,515,378
36,197,802
32,176,121
33,376,234
29,787,846
6,715,992
hp & lease commitments
35,893
106,347
73,014
381,247
310,135
495,439
180,000
Accruals and Deferred Income
other liabilities
provisions
1,697,391
1,547,627
1,071,947
994,943
950,734
976,218
877,514
17,514
17,901
4,232
total long term liabilities
49,841,298
43,132,282
40,693,672
37,192,745
33,199,869
34,733,699
30,975,495
7,228,945
197,901
4,232
total liabilities
66,653,626
56,612,396
52,691,187
46,017,452
42,418,773
44,902,019
40,638,507
11,460,854
8,410,166
774,567
net assets
12,860,923
10,148,393
8,103,614
4,154,360
4,028,638
2,719,511
2,100,530
273,525
270,805
373,410
total shareholders funds
12,860,923
10,148,393
8,103,614
4,154,360
4,028,638
2,719,511
2,100,530
273,525
270,805
373,410
Jun 2023
Jun 2022
Jun 2021
Jun 2020
Jun 2019
Jun 2018
Jun 2017
Jun 2016
Jun 2015
Dec 2014
Dec 2013
Jan 2013
Operating Activities
Operating Profit
8,303,364
7,399,638
8,895,906
3,739,467
5,499,325
4,918,380
2,469,613
54,215
-88,936
471,755
Depreciation
2,846,273
3,039,930
2,923,267
3,213,064
3,027,826
2,684,123
1,500,906
369,288
52,800
62,586
Amortisation
840,633
926,838
934,333
827,299
827,299
827,299
427,299
329,999
15,000
Tax
-654,779
-777,960
-973,469
269,405
-278,334
-460,595
-127,640
-42,470
-13,669
-99,260
Stock
-25,894
-9,292
-4,149
17,900
7,726
13,709
Debtors
12,773,543
8,785,835
9,322,247
4,726,706
-439,987
2,129,148
4,697,362
1,684,845
2,017,356
698,240
Creditors
2,733,014
2,115,373
4,804,709
-1,952,846
829,645
-495,848
3,703,541
-145,667
1,121,026
770,335
Accruals and Deferred Income
639,642
-636,603
-1,329,443
1,480,546
-604,094
1,632,093
715,176
764,472
631,364
Deferred Taxes & Provisions
149,764
475,680
77,004
44,209
-25,484
98,704
860,000
-387
13,669
4,232
Cash flow from operations
2,084,368
3,757,061
6,035,954
2,903,730
9,720,319
7,057,108
4,843,807
-369,104
-301,102
526,408
Investing Activities
capital expenditure
-2,600,543
-24,734,991
-1,723,484
-5,177,597
-161,984
Change in Investments
66,648
-335,368
5,835,464
100
50
cash flow from investments
-66,648
-2,265,175
-30,570,455
-1,723,584
-5,177,597
-162,034
Financing Activities
Bank loans
Group/Directors Accounts
-5,599,540
5,599,540
Other Short Term Loans
Long term loans
6,595,145
2,033,384
3,317,576
4,021,681
-1,200,113
3,588,388
23,071,854
6,715,992
Hire Purchase and Lease Commitments
-76,335
-66,625
105,830
-296,852
-607,665
146,576
17,104
543,860
270,000
other long term liabilities
share issue
2
interest
13,945
-16,899
1,817
-3,150
-51,864
-103,436
1,535,032
-9,025
913
cash flow from financing
6,532,755
1,949,860
3,425,223
3,721,679
-1,859,642
3,631,528
24,623,990
1,651,287
5,869,540
915
cash and cash equivalents
cash
1,554,912
-1,155,310
3,344,286
-496,743
808,342
-739,578
1,061,509
-378,882
118,716
365,289
overdraft
-301,941
301,941
-875,535
-706,401
809,978
771,958
change in cash
1,554,912
-1,155,310
3,646,227
-798,684
1,683,877
-33,177
251,531
-1,150,840
118,716
365,289
river ridge recycling (portadown) ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for river ridge recycling (portadown) ltd. Get real-time insights into river ridge recycling (portadown) ltd's credit score, group structure and payment trends.
River Ridge Recycling (portadown) Ltd Competitor Analysis
Perform a competitor analysis for river ridge recycling (portadown) ltd by selecting its closest rivals, whether from the WATER SUPPLY; SEWERAGE, WASTE MANAGEMENT AND REMEDIATION ACTIVITIES sector, other large companies, companies in BT51 area or any other competitors across 12 key performance metrics.
river ridge recycling (portadown) ltd Ownership
RIVER RIDGE RECYCLING (PORTADOWN) LTD group structure
River Ridge Recycling (Portadown) Ltd has 3 subsidiary companies.
RIVER RIDGE RECYCLING (PORTADOWN) LTD Shareholders
The sole shareholder of River Ridge Recycling (Portadown) Ltd is River Ridge Recycling Ltd.
river ridge recycling ltd
100%
river ridge recycling (portadown) ltd directors
River Ridge Recycling (Portadown) Ltd currently has 2 directors.
The longest serving directors include
Mr Brett Ross (May 2015) and
Mrs Cara O'Kane (Dec 2020).
river ridge recycling (portadown) ltd company details
company number
NI610647
Type
Private limited with Share Capital
industry
38110 - Collection of non-hazardous waste
incorporation date
January 2012
age
13
incorporated
UK
ultimate parent company
VISION BIDCO LTD
accounts
Full Accounts
last accounts submitted
June 2023
previous names
river ridge recycling portadown ltd (October 2015)
nwp commercial limited (October 2015)
accountant
-
auditor
MOORE (NI) LLP
address
56 craigmore road, garvagh, coleraine, county londonderry, BT51 5HF
Bank
BANK OF IRELAND
Legal Advisor
CARSON MCDOWELL LLP
river ridge recycling (portadown) ltd Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 8 charges/mortgages relating to river ridge recycling (portadown) ltd. Currently there are 6 open charges and 2 have been satisfied in the past.
river ridge recycling (portadown) ltd Capital Raised & Share Issues BETA
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river ridge recycling (portadown) ltdCompanies House Filings - See Documents
